Finance Property Sticks and Wombat’s luxury Block reno sells again

Sticks and Wombat’s luxury Block reno sells again

sticks wombat the block
The best mates didn't win the show, but won over plenty of fans. Photo: Nine
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The Elsternwick home renovated by fan favourites Sticks and Wombat in the last season of Channel Nine’s The Block has sold shortly after its weekend auction.

Listed with initial $2.65 million to $2.75 million price hopes, it fetched $2.83 million through Michael Paproth and Peter Kakos at The Agency.

There were two bidders and no television cameras when the five-bedroom, four-bathroom home went to its onsite Sunday afternoon auction.

Passed in at $2.66 million, it sold soon after to a family from the inner south-eastern suburbs.

sticks wombat
The home is deceptively large, with five bedrooms and four bathrooms. Photo: The Agency
The agents dubbed it “one of the suburb’s most luxurious and prized residences”. Photo: The Agency
The interiors are ultra-modern, thanks to the renovation work done by Sticks and Wombat. Photo: The Agency
The open-plan kitchen, living and dining area opens to a rear deck. Photo: The Agency
Sleek style is on show throughout the house house. Photo: The Agency

It was less than a year ago that 46B Regent Street sold for $2.65 million amid The Block‘s typical finale frenzy, in October.

Larrikins, Mark “Sticks” Croker and Clint “Wombat” Price were fourth placegetters on the stressful renovation television series.

Taking home a profit of $130,000, it had been built with an extensive use of reclaimed timber.

The New South Wales contestants had been judged as having the best hallway, front facade and garden.

Canberra was the standout capital city at weekend auctions with the strongest preliminary clearance rate of 68.1 per cent, according to CoreLogic.

Prices ranged from $450,500 at Barton to $1.5 million at Braddon.

The one-bedroom Barton apartment had 69 square metres of living space plus a 37 square metre balcony, security car space and storage cage.

Set in the 2004-built Landmark, the Blackall Street property had been a $430 a week rental in 2016.

The 46B Girrahween Street, Braddon offering was a single level, four-bedroom home with private easy care gardens.

Built in 2003, the property has tenanted at $1000 per week increasing this month to $1025 per week until July 2019

Its rates were advised as $1044 per quarter and its land tax as $1760 per quarter.

Only 45.1 per cent of Brisbane homes sold, including the nation’s cheapest weekend result.

The nation’s most expensive weekend sale was this sandstone mansion built in 1871. Photo: McGrath
Named ‘Doonbah’, the luxury property went for $3.83 million. Photo: McGrath
It may be 147 years old, but the home still has many modern conveniences. Photo: McGrath
It boats grand ceilings, modern styling, timber floors and magnificent views over Sydney’s Paramatta River. Photo: McGrath

It was a $150,000 home at 14 Akebia Street, Russell Island which was sold under mortgagee instruction. Russell Island is the biggest of the Southern Moreton Bay Islands, situated between the mainland and North Stradbroke Island.

The three-bedroom home had been for sale earlier this year at $229,000 with $235 a week tenancy on offer.

The combined capital cities saw an increase in the number of homes taken to auction to 1985 auctions held, up from 1916 auctions.

The preliminary auction clearance of 55 per cent was lower than the previous week’s 55.3 per cent final clearance rate.

“This week’s clearance rate is the lowest preliminary result seen so far this year,” CoreLogic auction analyst Kevin Brogan said.

“It will be interesting to see how this revises as final results are collected.”

He added: “So far the spring selling season has seen a lower volume of auctions take place each week relative to the same period last year, demonstrating the reluctance within a softening market.”

There were 991 Melbourne homes taken to auction this week, down on one year ago’s much higher 1265 homes.

Melbourne posted a preliminary clearance rate of 57.2 per cent.

Melbourne’s cheapest sale was a studio apartment at 302/18-34 Station St, Sandringham which fetched $275,000.

A Kew home was Melbourne’s dearest. The renovated 1890s Victorian house at 2 Belmont Avenue offering with a price guide of $3.5 million to $3.85 million sold to a Kew downsizer for $3.83 million.

It last sold at $470,000 in 1993.

In Sydney, 52.6 per cent of properties sold from the 665 homes taken to market.

At the same time last year, there were 916 Sydney homes taken to auction with 64.2 per cent being sold.

Sydney has the nation’s top sale which was secured in a pre-auction offer for 15 Kareelah Road, Hunters Hill.

The five bedroom non-riverfront 1871 sandstone residence Doonbah, set on the peninsula with views over the Parramatta River back to the city, fetched $5.61 million through Tracey Dixon at McGrath.

There had been a $4.85 million price guide.

Jonathan Chancellor is editor at large at Property Observer

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